🔴 Airline ETF (JETS) is trading 3% down today as Strait of Hormuz uncertainty drives oil higher

JETS is trading at $31.56 (-3.01%) as uncertainty over reopening the Strait of Hormuz pushes crude prices higher.

• Brent rose roughly 3% toward $85 per barrel, increasing fuel-cost concerns for carriers.
• No stronger company-specific catalyst was identified; the sector decline appears tied primarily to higher fuel costs and geopolitical risk.
• Broader U.S. indexes are only modestly lower.